Oddo BHF has upgraded its opinion on Virbac from 'neutral' to 'outperform', with a target price raised from €275 to €290, in the wake of the company's quarterly trading update, which, in its view, "should be interpreted constructively".

We're among those who think that the fourth-quarter publication could be interpreted negatively, but the perception that the low point has passed now makes us think that we can come back to the stock", the analyst believes.

After the annual publication for 2023, scheduled for March 2024, Oddo BHF believes that the animal health group 'should enter a more favorable Q1/Q2/Q1 2024 sequence, and therefore more buoyant on the stock market'.

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